Embree Financial Group Makes New Investment in Northrop Grumman Co. (NYSE:NOC)

Embree Financial Group acquired a new position in shares of Northrop Grumman Co. (NYSE:NOC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 404 shares of the aerospace company’s stock, valued at approximately $214,000.

A number of other hedge funds have also recently added to or reduced their stakes in NOC. Capital International Investors increased its stake in shares of Northrop Grumman by 5.6% in the 1st quarter. Capital International Investors now owns 11,747,646 shares of the aerospace company’s stock valued at $5,623,128,000 after purchasing an additional 621,636 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Northrop Grumman by 1,915.9% in the 2nd quarter. Van ECK Associates Corp now owns 438,521 shares of the aerospace company’s stock valued at $191,173,000 after purchasing an additional 416,768 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Northrop Grumman by 4.8% in the 1st quarter. JPMorgan Chase & Co. now owns 4,634,043 shares of the aerospace company’s stock valued at $2,218,132,000 after purchasing an additional 211,459 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in shares of Northrop Grumman in the 2nd quarter valued at $90,177,000. Finally, Global Assets Advisory LLC bought a new position in shares of Northrop Grumman in the 1st quarter valued at $83,182,000. Institutional investors own 83.40% of the company’s stock.

Analysts Set New Price Targets

NOC has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded Northrop Grumman from a “hold” rating to a “buy” rating and lifted their price target for the company from $474.00 to $575.00 in a research note on Monday, July 29th. JPMorgan Chase & Co. lifted their price target on Northrop Grumman from $500.00 to $560.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Royal Bank of Canada lifted their price target on Northrop Grumman from $475.00 to $500.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. Wells Fargo & Company boosted their price objective on Northrop Grumman from $467.00 to $509.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Finally, UBS Group boosted their price objective on Northrop Grumman from $593.00 to $605.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $535.00.

Insiders Place Their Bets

In other Northrop Grumman news, VP Thomas H. Jones sold 1,389 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $477.56, for a total transaction of $663,330.84. Following the completion of the sale, the vice president now directly owns 6,755 shares of the company’s stock, valued at approximately $3,225,917.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, VP Thomas H. Jones sold 1,389 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $477.56, for a total value of $663,330.84. Following the completion of the transaction, the vice president now directly owns 6,755 shares of the company’s stock, valued at $3,225,917.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Thomas H. Jones sold 1,390 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $500.00, for a total value of $695,000.00. Following the completion of the transaction, the vice president now directly owns 4,634 shares of the company’s stock, valued at approximately $2,317,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,879 shares of company stock valued at $1,410,703. Corporate insiders own 0.22% of the company’s stock.

Northrop Grumman Stock Performance

Shares of Northrop Grumman stock opened at $530.79 on Friday. Northrop Grumman Co. has a one year low of $418.60 and a one year high of $555.57. The firm has a market capitalization of $78.55 billion, a price-to-earnings ratio of 37.12, a PEG ratio of 2.44 and a beta of 0.34. The business has a 50-day simple moving average of $521.74 and a 200 day simple moving average of $478.93. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.11 and a quick ratio of 0.99.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Thursday, July 25th. The aerospace company reported $6.36 EPS for the quarter, beating analysts’ consensus estimates of $5.93 by $0.43. The business had revenue of $10.22 billion during the quarter, compared to analyst estimates of $10.02 billion. Northrop Grumman had a return on equity of 25.44% and a net margin of 5.61%. The firm’s revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company posted $5.34 EPS. On average, research analysts anticipate that Northrop Grumman Co. will post 25.16 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $2.06 per share. This represents a $8.24 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend was Tuesday, September 3rd. Northrop Grumman’s dividend payout ratio is currently 57.62%.

About Northrop Grumman

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. The company’s Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.